Beaumont, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beaumont, CA Real Estate Data


Beaumont Housing Market Information

With 43,811 people, 12,721 houses or apartments, and a median cost of homes of $288,842, Beaumont real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Beaumont, accounting for 86.60% of the city's housing units. Other types of housing that are prevalent in Beaumont include large apartment complexes or high rise apartments ( 4.88%), duplexes, homes converted to apartments or other small apartment buildings ( 3.32%), and a few mobile homes or trailers ( 3.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beaumont. Owner-occupied housing accounts for 76.03% of Beaumont's homes, and 56.20% have either three or four bedrooms, which is average sized relative to America.

Beaumont homes and real estate are some of the newest in America. 64.28% of Beaumont's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Beaumont real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 17.07%), and between 1940-1969 ( 15.90%). There's also some housing in Beaumont built before 1939 ( 2.75%).

Beaumont Home Appreciation Rates

Homes have actually lost value in Beaumont over the last then years, as home values have seen a decline of 27.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Beaumont home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.30%.

Appreciation rates are so strong in Beaumont that despite a nationwide downturn in the housing market, Beaumont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beaumont appreciation rates continue to be some of the highest in America, at 5.72%, which is higher than appreciation rates in 70.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beaumont. Beaumont appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.30%.

Relative to California, our data show that Beaumont's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Beaumont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beaumont - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Beaumont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$288,842

Beaumont, CA HOME PRICES

Value Range
> $1,435,000 1.1
$1,076,001 - $1,435,000 0.2
$718,001 - $1,076,000 0.7
$574,001 - $718,000 2.8
$430,001 - $574,000 8.8
$287,001 - $430,000 36.0
$143,001 - $287,000 39.6
$72,001 - $143,000 5.9
$0 - $72,000 5.1

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
18.0359547929964 70.4095112285337

Number Of Homes And Apartments:
12,721

Rent & Ownership

 

Average Market Rent:
$1,660 / per month

Homeownership Rate

Homeownership
Owners 76.03
Renters 23.97
Vacant 7.11

Housing Market Details

 

Age of Homes

AGE OF Beaumont HOMES
2000 or Newer 64.3
1970 - 1999 17.1
1940 - 1969 15.9
1939 or Older 2.7

Types of Homes

TYPE OF Beaumont HOMES
Single-Family 86.6
Townhomes 1.7
Small Apt. Buildings 3.3
Apt. Complexes 4.9
Mobile Homes 3.2
Other 0.3

Home Size

SIZE OF Beaumont HOMES
No Bedroom 1.55
1 Bedroom 3.97
2 Bedrooms 25.87
3 Bedrooms 28.28
4 Bedrooms 27.92
5 or more bedrooms 12.41

Beaumont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
86.33% 3.73% 6 9
* 10 is highest